Canada
April 26, 2019
Active Gas & Oil Rig Counts Decline in US and Canada
Written by Brett Linton
The U.S. active rotary rig count, an indicator of oil country tubular goods demand, decreased this week, according to oilfield services company Baker Hughes. The number of active U.S. rigs fell by 21 to 991, with oil rigs down 20 and gas rigs down 1. Compared to this time last year, the 991 count is down 30 rigs, with oil rigs down 20, gas rigs down 9, and miscellaneous rigs down 1. See the first graph below for a history of active U.S. rig counts.
The Canadian rig count declined again this week by 3 rigs to 63 rigs, with oil rigs unchanged and gas rigs down 3. Compared to last year, the 63 count is down 22 rigs, with oil rigs down 14 and gas rigs down 8. See the second graph below for a history of active Canadian rig counts.
